Sub Prime Credit Thread Part III

Innocent_Guy

christhesparky wrote: »

evening chaps,

has anyone tried applying for the capital one progress card?

can you apply for one if you already hold the capital one classic visa?

http://www.capitalone.co.uk/creditcards/progress-credit-card.jsf

according to moneysupermarket it is designed for people with improving credit files

Looks good, whats your file like?

Minthumbug

never-in-doubt wrote: »

No, you're missing my point. The b/r will not show on your credit file, it shows on the public database. So, when they say its not to do with your credit report they are right. It is to do with you being a risk.

Whether they can see my bankruptcy or not Nid, I have 4 satisfied defaults post bakruptcy. Surely this is adverse credit data ?

Wether the behavioural or credit search was conducted first, the bankruptcy and/or defaults caused the decline. Therefore to make a statment that adverse data on my credit file did not cause the decline is inaccurate ?

(Btw I do have a Vanquis credit card And a Next catalaogue directory & card, and an Abbey A/c with overdraft).

I always think your advice is great BTW! I'm just trying to get my head around the rejection letter from Aqua !

But i'm Still puzzled lol

Innocent_Guy

never-in-doubt wrote: »

CCJs, court orders & fines - Search yourself and others - Trust Online

Can't justify £25 on it :beer:

christhesparky_2

Innocent_Guy wrote: »

Looks good, whats your file like?

1 satisfied ccj (4 yrs old)
1 satisfied default (5 years old)

looking to improve my file a bit more

currently have

Cap one Classic £500 limit
Vanquis £1000 limit

never-in-doubt

Minthumbug wrote: »

Whether they can see my bankruptcy or not Nid, I have 4 satisfied defaults post bakruptcy. Surely this is adverse credit data ?

Wether the behavioural or credit search was conducted first, the bankruptcy and/or defaults caused the decline. Therefore to make a statment that adverse data on my credit file did not cause the decline is inaccurate ?

(Btw I do have a Vanquis credit card And a Next catalaogue directory & card, and an Abbey A/c with overdraft).

I always think your advice is great BTW! I'm just trying to get my head around the rejection letter from Aqua !

But i'm Still puzzled lol

You're not listening - the reason they declined you is because you're too high risk! This means long before anything to do with the CRA search they had decided you were not applicable for their card.

The 3 steps used to determine credit isn't a 3 step process such as step 1 to step 3 - its instantaneous and is all linked together. They would have seen the public data (i.e. the b/r) and the data you supplied (job/salary/address/electoral register etc) and between this came up with a score that you fell short of. had you met the score then chances are the credit ref data would have got you cos the defaults would have made the negative decision in which case you'd have then been declined due to adverse data.

Do you see what i'm saying yet?

Innocent_Guy

christhesparky wrote: »

1 satisfied ccj (4 yrs old)
1 satisfied default (5 years old)

looking to improve my file a bit more

currently have

Cap one Classic £500 limit
Vanquis £1000 limit

Worth a go.... :beer:

never-in-doubt

christhesparky wrote: »

1 satisfied ccj (4 yrs old)
1 satisfied default (5 years old)

looking to improve my file a bit more

currently have

Cap one Classic £500 limit
Vanquis £1000 limit

The fact they are satisfied means nothing mate - i'd hold fire cos you're too much of a risk for mainstream right now......

Innocent_Guy wrote: »

Worth a go.... :beer:

Well if you believe that you do it? haha

Didn't think you would :rotfl: :rotfl: :rotfl:

The CCJ/Default will decline him - too recent

Innocent_Guy

I need to close some accounts as I have 15 running at the moment!

Innocent_Guy

never-in-doubt wrote: »

The fact they are satisfied means nothing mate - i'd hold fire cos you're too much of a risk for mainstream right now......

Brians got defaults and just got ASDA / Santander?

Innocent_Guy

never-in-doubt wrote: »

Well if you believe that you do it? haha

Didn't think you would :rotfl: :rotfl: :rotfl:

The CCJ/Default will decline him - too recent

Ha Ha, I just about passed for their classic card LOL....... £100 limit! HA HA :beer: